fair market value

noun

: a price at which buyers and sellers with a reasonable knowledge of pertinent facts and not acting under any compulsion are willing to do business

Examples of fair market value in a Sentence

Recent Examples on the Web
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The departure tax would treat the individual as selling his worldwide assets at fair market value, requiring payment of U.S. tax on any pretend gains. Virginia La Torre Jeker, J.d., Forbes, 19 Dec. 2024 Instead, these potential sponsorship deals with associated parties — APTs — had to conform with fair market value, with teams submitting their costings to the Premier League to see whether the deals complied. Jacob Whitehead, The Athletic, 20 Nov. 2024 The filing also includes information on interest rate swaps, with a total fair market value of $13,169,000. Quartz Bot, Quartz, 12 Nov. 2024 The deal also envisions fair market value analysis of NIL deals that exceed $600, ostensibly to ensure those deals aren’t pay-for-play arrangements masquerading as NIL contracts. Michael McCann, Sportico.com, 23 Sep. 2024 See all Example Sentences for fair market value 

Word History

First Known Use

1891, in the meaning defined above

Time Traveler
The first known use of fair market value was in 1891

Dictionary Entries Near fair market value

Cite this Entry

“Fair market value.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/fair%20market%20value. Accessed 23 Dec. 2024.

Legal Definition

fair market value

noun
: a price at which buyers and sellers both having reasonable knowledge of the property and being under no compulsion are willing to do business

More from Merriam-Webster on fair market value

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